Space Militarization Trends and Forecast
The future of the global space militarization market looks promising with opportunities in the space-based equipment, space station, satellite, ground-based equipment, and logistic & service markets. The global space militarization market is expected to reach an estimated $84.2 billion by 2030 with a CAGR of 7.2% from 2024 to 2030. The major drivers for this market are growing demand for satellite defense systems, rising space weaponization, and expansion in threat of space-based attacks.
• Lucintel forecasts that manned spacecraft is expected to witness the higher growth over the forecast period.
• Within this market, space-based equipment is expected to witness the highest growth.
• APAC is expected to witness highest growth over the forecast period.
United States: SpaceX and Lockheed Martin are developing satellite defense systems. The US government aims to strengthen its space military capabilities, setting targets for enhanced surveillance and defensive measures against potential threats.
Russia: Roscosmos announced plans for space-based missile defense systems. Russian companies like Almaz-Antey are working on anti-satellite weapons. The government targets bolstering its space militarization capabilities amid rising geopolitical tensions.
China: China Aerospace Science and Industry Corporation (CASIC) launched satellites for military reconnaissance. The Chinese government has set ambitious goals for space weapon development and space-based defense initiatives to safeguard its national interests.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Space Militarization by Segment
The study includes a forecast for the global space militarization by type, capability, solution, and region.
Space Militarization Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Manned Spacecraft
• Unmanned Spacecraft
Space Militarization Market by Capability [Shipment Analysis by Value from 2018 to 2030]:
• Defense
• Support
Space Militarization Market by Solution [Shipment Analysis by Value from 2018 to 2030]:
• Space-Based Equipment
• Space Stations
• Satellites
• Ground-Based Equipment
• Logistics & Services
Space Militarization Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Space Militarization Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies space militarization companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the space militarization companies profiled in this report include-
• Raytheon Technologies Corporation
• The Boeing Company
• Lockheed Martin Corporation
• Airbus SAS
• General Dynamics Corporation
• Northrop Grumman Corporation
• Mitsubishi Heavy Industries
• BAE Systems
• L3Harris Technologies
• Leonardo
Recent Development in the Space Militarization Market
SpaceX: SpaceX has partnered with the U.S. Department of Defense (DoD) to launch classified military satellites, contributing to the advancement of space-based defense capabilities and secure communications for military operations.
Lockheed Martin: Lockheed Martin is developing advanced space surveillance and missile defense systems for the U.S. military, including the Space Fence radar system and the THAAD (Terminal High Altitude Area Defense) missile defense system, enhancing national security in space.
Roscosmos (Russia): Roscosmos, RussiaÄX%$%Xs state space corporation, has announced the development of "Nudol," an anti-satellite missile system designed to protect against potential threats to Russian satellites and space assets.
China Aerospace Science and Industry Corporation (CASIC): CASIC has unveiled "Project 863," a program focused on developing advanced space weaponry, including anti-satellite missiles and space-based laser systems, aligning with ChinaÄX%$%Xs efforts to enhance its space militarization capabilities.
Northrop Grumman: Northrop Grumman is working on the development of "Space Domain Awareness" solutions for the U.S. Space Force, including satellite tracking systems and space situational awareness technologies to monitor and protect orbital assets from potential threats.
Features of the Global Space Militarization Market
Market Size Estimates: Space militarization market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Space militarization market size by type, capability, solution, and region in terms of value ($B).
Regional Analysis: Space militarization market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, capability, solutions, and regions for the space militarization market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the space militarization market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the space militarization market size?
Answer: The global space militarization market is expected to reach an estimated $84.2 billion by 2030.
Q2. What is the growth forecast for space militarization market?
Answer: The global space militarization market is expected to grow with a CAGR of 7.2% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the space militarization market?
Answer: The major drivers for this market are growing demand for satellite defense systems, rising space weaponization, and expansion in threat of space-based attacks.
Q4. What are the major segments for space militarization market?
Answer: The future of the space militarization market looks promising with opportunities in the space-based equipment, space station, satellite, ground-based equipment, and logistic & service markets.
Q5. Who are the key space militarization market companies?
Answer: Some of the key space militarization companies are as follows:
• Raytheon Technologies Corporation
• The Boeing Company
• Lockheed Martin Corporation
• Airbus SAS
• General Dynamics Corporation
• Northrop Grumman Corporation
• Mitsubishi Heavy Industries
• BAE Systems
• L3Harris Technologies
• Leonardo
Q6. Which space militarization market segment will be the largest in future?
Answer: Lucintel forecasts that manned spacecraft is expected to witness the higher growth over the forecast period.
Q7. In space militarization market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the space militarization market by type (manned spacecraft and unmanned spacecraft), capability (defense and support), solution (space-based equipment, space stations, satellites, ground-based equipment, and logistics & services), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Space Militarization Market, Space Militarization Market Size, Space Militarization Market Growth, Space Militarization Market Analysis, Space Militarization Market Report, Space Militarization Market Share, Space Militarization Market Trends, Space Militarization Market Forecast, Space Militarization Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.